As per the latest study published by Future Market Insights, the child-resistant bags market is anticipated to grow ata 6%CAGR over the upcoming decade between 2021 and 2031.
Sales of these child-resistant bags are expected to reach billions of units, as a result of growth in the overall child-resistant packaging market.
The modern-day consumer base is demanding many more additional features along with the primary purpose of the packaging solution. The advanced customer needs are met by the latest packaging solutions such as child-resistant bags, which fulfil a need for a primary packaging solution along with keeping it difficult for children to open it.
Child-resistant bags are made up of various materials such as plastics, paper and aluminium, and also comes as re-closable and non-reclosable versions to offer a wide range of products.
The child-resistant bags are useful in packaging different products which are harmful to small aged children to directly come in contact with, products such as pharmaceutical drugs, cosmetics, chemicals and many food & beverages. Thus, the overall global child-resistant bags market is expected to record exponential growth over the forecasted period.
Globally rising awareness regarding child safety from harmful drugs & chemicals is the biggest driver for rising sales of child-resistant bags, and eventually positively affecting the global child-resistant bags market growth.
With the hike seen in demand for moisture-proof packaging and re-closable packaging solutions across the continents, the child-resistant meeting these consumer requirements by providing high barrier protection to the products packed inside the child-resistant bags. The zipper bags are made using excellent barrier materials such as aluminium foil and plastics are used for making these child-resistant bags.
To comply with strict packaging norms by regulatory authorities and child safety organizations, many end-user industries such as pharmaceutical, food & beverages and chemical are forced to adopt child-resistant packaging as the safest packaging solutions for lethal products. All these above drivers are expected to fuel the global demand for child-resistant packaging and resulting in the global growth of same.
The cost of child-resistant packaging is quite expensive as compared to other alternative packaging bags and pouches, which makes them less preferred for the cheaper products and hampers the probable growth of child-resistant bags in developing countries.
The child-resistant packaging is even not suitable for old aged people to open, which makes it difficult for physically weak consumers or people which are sick, such restraints are acting as limitations to the growth of the child-resistant bags market.
The manufacturers coming up with sustainable materials for producing child-resistant packaging solutions, as a result of increased research & development expenditures by these companies. Creates a lucrative growth opportunity for producers to differentiate their offerings as environmentally friendly as compared to competitors.
Growth of pharmaceutical industry in developing regions and compliance of safety standards made compulsory for all manufacturers by international safety organizations. The global key players are having large untapped markets of developing and underdeveloped regions, which offer great future growth endeavours to the child-resistant packaging manufacturers.
The booming pharmaceutical industry in the country along with increasing exports of pharmaceutical products made in the U.S. to other foreign markets, resulting in a demand for strong barrier packaging solutions to keep drugs & medicines safe from external moisture, makes the U.S. the largest consumer of child-resistant bags globally.
Government rules making it compulsory for all poisonous products to have child-resistant packaging, rising awareness regarding the death of small children due to consumption of harmful products makes Germany the second-largest market for child-resistant bags.
The fast-paced development of industrial infrastructure in the country, along with cheaper labour and easy availability of raw materials attracting global key players to shift their operational facilities in the country to achieve economies of scale.
Government allowing easy export of packaging solutions produced in the country and manufacturer friendly government laws supporting production and related facilities in the country makes China the fastest growing market for child-resistant bags globally.
Due to the outbreak of the deadly covid-19 pandemic, the government authorities of almost all countries imposed a complete lockdown. Only manufacturing and supply of pharmaceutical goods along with food & beverages was permissible.
The demand for pharmaceutical drugs and food supplies having child-resistant packaging was recorded all-time high, as the food and pharmaceutical industries are the largest end-user industries for child-resistant bags across the globe. After the pandemic ends the global child resistant market is expected to witness burgeoning growth over the upcoming decade.
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Child Resistant Bags Market
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